FRS105 Sale of Trade

Didn't find your answer?

My client has sold their trade with a loss on sale of intangible assets.  Do I need to mention in the accounting notes that my client has sold before the year end date in the accounts.  Do I have to prepare statutory accounts to the sale date or wait until the year end?  



Replies (2)

Please login or register to join the discussion.

By johngroganjga
12th Nov 2019 12:42

The sale of the trade has no effect on the company's accounting reference date. if your client wants to change the accounting reference date they of course can.

Thanks (0)
Replying to johngroganjga:
By gedmond72
12th Nov 2019 14:10

Thanks John.

Do you know if under FRS105 I would need to disclose that there has being a sale of trade in the notes?

Thanks (0)